Published Oct 6, 2017 |
300 Pages |
Pub ID: KLI15499738
The Global Market for Medical Devices, 8th Edition
The medical device industry is facing its own unique challenges and market opportunities. The industry for medical devices is, in most parts of the world, heavily regulated. Medical devices require approval for reimbursement and have prices that, in many cases, are negotiated by group purchasing organizations and governments. Medical device company are constantly researching and investing in product development to produce the innovations that are key to driving market success. Despite the market's many challenges, medical devices benefit from servicing an enlarging elderly population worldwide. Medical devices also rank among the first priorities of emerging nations, whose economies and amounts spent on healthcare are increasing.
What is the Size of the Medical Device Market?
Kalorama estimates the global medical device market at $389 billion dollars. This means a large opportunity for hundreds of companies offering solutions that can improve patient outcomes and reduce hospital stays. The market includes common devices and Kalorama Information’s report, Global Market for Medical Devices, 8th Edition, is a complete view of the medical device market and opportunity for medical device companies, competitors, and investors. As part of its coverage, this report contains market sizing and forecasts for the world medical device market and those of several countries, a survey of regulatory practices across the world, research and development spending, the impact of the medical device tax in the United States and pricing in other countries, a look at the status of the hospital industry, key drivers and limiters and profiles of major device companies and promising small firms.
40+ Specific Medical Device Markets
The Global Market for Medical Devices, 8th Edition examines specific medical device markets, describing trends and major medical device companies in many fields. The report addresses device category segment markets, analyzing these to help render the total market for medical devices visible.
Blood Gas Analyzers
Blood Pressure Monitors
Dental Equipment (excluding x-ray)
Dialysis Equipment & Supplies
Endoscopes (excluding gastro)
Minimally Invasive Surgical Instruments
Ostomy Care Devices
Oxygen Therapy Equip.
Sutures, Staples, Staplers
Traditional Surgical Instruments (scalpels, forceps, retractors, scissors)
Vascular Closure Devices
Wound Care, Advanced
X-Ray (excluding dental)
Bellwether 'Index' of Top Medical Devices Companies
Further, the report discusses “bellwether companies.” Kalorama has isolated 15 bellwether companies based on revenues and also diversity of medical devices produced, so that changes merely in one area of devices have a mitigated impact on the industry forecast. The report concludes with several company profiles, noting revenues, product launches and selected products.
With increasing growth in the medical devices market, companies are merging to build revenue growth and present combined offerings to hospital and physician customers. The US economy recovered somewhat, yet in Europe as well as the United States reimbursement challenges and the threat of new legislation looms. Emerging markets again helped to boost company revenues but the double-digit growth of past years is no longer widely forecasted.
As part of its coverage, The Global Market for Medical Devices, 8th Edition contains: an overview of medical devices and relevant regulation in several world markets; medical device market size estimate and forecast to 2022 for the global market for medical devices, the United States market and several country markets, including China, Japan, India Brazil, Germany, Canada and other nations; an index of bellwether device companies; markets for specific categories of medical devices; a look at market drivers and limiters; and company profiles of major device concerns.
Coverage of the Top Medical Device Companies
The eighth edition of Kalorama Information’s Global Market for Medical Devices finds a few trends in the global market continuing and some new trends in the market. Revenue growth at major companies has changed and so have most revenue forecasts, including Kalorama Information’s forecast. Market share position has changed in the last year as several major competitors joined and others have shed medical device units. A host of mergers and acquisitions have occurred in the market as players seek to purchase growing operations. Medical Device Companies include:
Johnson & Johnson
St. Jude Medical
Smith & Nephew, plc
Becton Dickinson &Co. (BD)
3M Health Care
Paul Hartmann AG
Medical device company merger and acquisitions activity was heavy in 2015 and into 2016. The report discusses these mergers and acquisitions in selected segments.
Country-Level Medical Device Markets
The Global Market for Medical Devices, 8th Edition features market sizing by country and includes the following country markets:
The medical device market, in terms of revenues, is not even half as large as the global pharmaceutical market, though it sees many more transactions. This is due to pricing, as in volume terms there are more units sold in the device market. However, growth prospects in medical devices in the aggregate are more promising than in the current pharmaceutical industry, challenged by patent expirations and regulatory activity. Although the largest component of the market is in the United States, the majority of sales are non-US, and considerable future growth is occurring in other markets.
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